After 10600 area served as a very strong support combined with 1hr,4hr breakout and hidden bullish divergence, I expect this area to be serve again as support after the current wave take a break for about 10-14 days around 12/12500 area and this very important for one reason which is to continue climbing targeting previous ATH
Previous idea:
Original idea:
Previous idea:
Original idea:
Comment:
Nailed it again! 10800/11200 strong support for due correction
Since i decided to publish my ideas 2 weeks ago to help others because i thought its the time for btc and i am really impressed for how accurate they are one after another.
And now like i said many times before that we are in strong wave 3 since from 7800 this wave should take a break between 12/12500
Now btc hit 12900
I also published another idea for classic bearish div on daily which is going to confirm the break and retrace for a bout a week range
But i still calling for the strong support according to my previous idea between 10600/10800 and 11000/11200 area is going to be the area from where btc should not break it after we hit 12/12500 and this is very important to resume climbing towards previous ATH at least for now and if it didn't happen expect the blood
Just in case we got the reverse I expect the behavior for next wave to be similar to the last one from 7800 or even sharper.
Hope this help
Since i decided to publish my ideas 2 weeks ago to help others because i thought its the time for btc and i am really impressed for how accurate they are one after another.
And now like i said many times before that we are in strong wave 3 since from 7800 this wave should take a break between 12/12500
Now btc hit 12900
I also published another idea for classic bearish div on daily which is going to confirm the break and retrace for a bout a week range
But i still calling for the strong support according to my previous idea between 10600/10800 and 11000/11200 area is going to be the area from where btc should not break it after we hit 12/12500 and this is very important to resume climbing towards previous ATH at least for now and if it didn't happen expect the blood
Just in case we got the reverse I expect the behavior for next wave to be similar to the last one from 7800 or even sharper.
Hope this help
Comment:
What a dump to 11600 after 13800 hit thats another great call
As i said retrace is coming soon and it did in few hours and i mentioned for trend continuation 11400 10800 area must not break down it so for now i expect consolidation for about a week in this range and lets hope it stand for reversal
As i said retrace is coming soon and it did in few hours and i mentioned for trend continuation 11400 10800 area must not break down it so for now i expect consolidation for about a week in this range and lets hope it stand for reversal
Comment:
Trade active:
10800 reached and we got higher low, as we expected, btc gathering strength the next days. we got 1 hr hidden bull div supporting it see below
Comment:
We got lower low, higher low invalidated that was ABC correction but we still bullish, we were waiting for 1d and 2d daily close between 10500 and 11500 we got 1d 10750 and 2d is very close and its very important to be above 10000 / 10500 area its also critical 10k level not breached with daily close
Low time frame indicator always trick traders that's why we are not doing day or short term trades and we focus on higher time frames and the trend, here is another look:
Low time frame indicator always trick traders that's why we are not doing day or short term trades and we focus on higher time frames and the trend, here is another look:
Trade active:
2d candle closed above 10500 level as we were expecting which is more confirmation for the reversal as we noticed 10k level breached for few seconds and stood strong!!
Comment:
4HR hidden bull DIV completed! Bear Trap triggered below 10k
We got daily close 10750 then 2d close 10500 showing btc strong above 10k level but after btc went below 10k level again we should wait for the next daily candle close but we are still bullish because indicators now went very low and gave chance to form 4hr hidden bull div we were waiting for the last couple of days which is now very clear on rsi and macd
We got daily close 10750 then 2d close 10500 showing btc strong above 10k level but after btc went below 10k level again we should wait for the next daily candle close but we are still bullish because indicators now went very low and gave chance to form 4hr hidden bull div we were waiting for the last couple of days which is now very clear on rsi and macd
Comment:
What a bear trap!! We did call for it guys, Btc reach 9600 area but daily candle close is above 10800 again!
Since we hit 13900 in Jun 26 we expected to consolidate for about a week between 10500 and 11500 level with daily close above 10k level and we got that, during this week the lowest daily close was 10600.
And we said many times 10k level should not be broken with daily close and so far this stand strong beside 4HR hidden bull div completed we can officially say now consolidation has ended and BTC is ready to resume uptrend.
Since we hit 13900 in Jun 26 we expected to consolidate for about a week between 10500 and 11500 level with daily close above 10k level and we got that, during this week the lowest daily close was 10600.
And we said many times 10k level should not be broken with daily close and so far this stand strong beside 4HR hidden bull div completed we can officially say now consolidation has ended and BTC is ready to resume uptrend.
Trade active:
This was a perfect matching for 2d close 10500 forming wave 2 in general wave 3 according to my waves in this post, now expect btc to take down the 2nd BLUE resistance line in next days and once it close 2d candle above 12k area, I am telling you guys BTC WILL FLY
Comment:
Bullish Descending Broadening Wedge In play!
but at same time this is going to be a healthy correction not a crash like everyone calling and the bullish trend will resume in only one condition which is not breaking 10600/11000 area must stand for reversal by all means. I hope this helps.